I. Introduction
With the advent of high-voltage direct current (HVDC) converters in the power delivery industry, considerable attention has been paid to the development of converter topologies and control strategies in order to maximize the efficiency of the AC/DC-DC/AC conversion process. Moreover, the HVDC energy market will continue experiencing growth for the next 20 years [1], [2] at a rate of USD 2 bn/year [3]. For instance, the UK's National Grid set out its plan to develop new electricity transmission infrastructure in Great Britain with combined capital and operational expenditure of USD 21.3 bn for the period 2013 to 2021 [4]. While the HVDC market growth has been primarily enabled by the accelerated inception of the modular multilevel converter (MMC) [5], further improvements in HVDC converter technology such as a reduced converter size per unit power, simultaneous control of active and reactive power delivery, DC fault blocking capabilities and integration with multi-terminal DC transmission schemes offered by state-of-the-art topologies [6] such as alternate arm converter (AAC) [7] are expected to continue to intensify the investment in the HVDC transmission business.